The Financial Services Authority (OJK) will strengthen regulations governing investment-linked insurance plans so as to minimise misunderstanding by policyholders and to improve operations and governance at insurance companies.
The insurance regulator IRDAI has proposed a host of stringent measures, including doubling the capital requirements for broking segment, in a bid to streamline the sector.
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Topics include the amendments issued by the Insurance Regulatory and Development Authority of India (IRDAI) to clarify definition of control of an Indian insurance company (IIC), the regulations of IRDAI on branch offices of foreign insurers, and provides a brief overview of the provisions.Aneja...
The insurer may determine the premium keeping in view the cover proposed to be offered subject to complying with the norms specified in the IRDAI (Health Insurance) Regulations, 2016 and Guidelines notified there under. The tenure for both policies shall be of three and half months (3 ½ mo...
British insurer Aviva said on Saturday its India unit is “actively engaging” with local authorities in connection with alleged tax evasion practices. Reuters reported on Friday that an Indian tax agency has found that Aviva India breached local regulations capping … ...
Glass half full: The growth story of India’s insurance industryRising costs of healthcare in India, a growing middle class, greater awareness of the need for insurance coverage following the pandemic, and supportive regulations have combined to position the insurance industry at the start of an...
4.4 Insight on Technological Adoption in the Market 4.5 Insight on Various Government Regulations in the Market 4.6 Impact of COVID-19 on market 5. MARKET SEGMENTATION 5.1 By Product Type 5.1.1 Fire Insurance 5.1.2 Marine Insurance 5.1.3 Aviation Insurance 5.1.4 Engineering Insurance 5.1.5 Moto...
As per the latest IRDAI regulations, cashless claims can be filed in a network or non-network hospital. However, there are certain terms and conditions attached to the same. Steps For A Hassle-free Health Insurance Claim Settlement Visit PolicyX official website for your health insurance plan ...
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed allowing the issuance of trade credit insurance policies to entities registered by the central bank, the Reserve Bank of India (RBI), for factoring services. This would liberalise existing guidelines which say that a ...